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Sep 30, 2020
Tenable Q3 2020 Earnings Report
Reported a revenue increase of 22% year-over-year and added 335 new enterprise platform customers.
Key Takeaways
Tenable announced its Q3 2020 financial results, showing a 22% increase in revenue year-over-year, reaching $112.3 million. The company added 335 new enterprise platform customers and 56 net new six-figure customers. There was a GAAP loss from operations of $3.5 million, but a Non-GAAP income from operations of $12.4 million. Free cash flow was $16.7 million.
Revenue of $112.3 million, up 22% year-over-year
Added 335 new enterprise platform customers and 56 net new six-figure customers
GAAP loss from operations of $3.5 million; Non-GAAP income from operations of $12.4 million
Free cash flow of $16.7 million
Tenable
Tenable
Tenable Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comPerpetual License & Maintenance Revenue
CapyFin.comProfessional Services & Other Revenue
CapyFin.com Forward Guidance
For the fourth quarter of 2020, Tenable expects revenue in the range of $113.0 million to $115.0 million, non-GAAP income from operations in the range of $8.0 million to $9.0 million, non-GAAP net income in the range of $6.0 million to $7.0 million, and non-GAAP diluted earnings per share in the range of $0.05 to $0.06.
Positive Outlook
- Revenue in the range of $113.0 million to $115.0 million
- Non-GAAP income from operations in the range of $8.0 million to $9.0 million
- Non-GAAP net income in the range of $6.0 million to $7.0 million
- Non-GAAP diluted earnings per share in the range of $0.05 to $0.06
- 113.0 million diluted weighted average shares outstanding
Revenue & Expenses
Visualization of income flow from segment revenue to net income